The founding meeting of the Friends of SMU Libraries was held September 3, 1970. The founders were in agreement as to the purpose of the organization. It was "to provide opportunities through which associates may become acquainted with each other and with the resources of the University library system; to share enthusiasm for learning, books, prints and related materials; and to establish Southern Methodist University’s libraries as centers of cultural activities enriching the whole community."
They also selected a name for the group: "Colophon," a term referring to the graphic device by which printers marked their books.
– Compiled from Colophon: The First Twenty Years. XX, a booklet authored by Mike Hazel to commemorate the Friend's 20th anniversary.